About RK Properties

Who WE Are

Rance King Properties Inc. (“RK Properties”) has been exclusively in multifamily property investments since 1976. We are a national company with current and previously owned properties acquired throughout the United States. During our lengthy history (1976 to 2024) we have purchased 163 properties that valued in today’s dollars would be in excess of $3 Billion. 147 of those properties have gone full cycle. We have served over 7,000 investors in the last 48 years since our inception. Our current portfolio has an estimated market value of over $1 Billion. The skills and experience of RK professionals have combined to produce a consistent, successful record of performance in apartment investing. We utilize a conservative underwriting model and lower leverage financing strategies that have allowed us to prosper throughout many business cycles.

Key to Success

Having exclusively been in the apartment investment business since 1976, RK Properties finds itself without many peers. The key to our success has been that we have created a specialized market niche and filled it well for decades. Today, we are still working with the same philosophy. We look for something special where we know we can add value and own a property that is worthy of both pride and profit.

We are approaching our 5th decade in the real estate multifamily business, an accomplishment very few in our industry can match. We have navigated good times and bad and have always kept our eye on the ball. Today we are as excited about the future as we have ever been and our success can be attributed in large part to the wonderful people that make up RK Properties, many of who have been with us for most of our time in business.

You can be assured that RK Properties will continue to lead the way in multifamily investing for a long time to come.

Very truly yours,

William Rance King, Jr.
President

Founder

William Rance King, Jr.

PRESIDENT

RK Properties was founded in 1976 by William Rance King Jr (RK) after a 10 year history in the business machines industry for a Fortune 500 company. He progressed through the ranks from a trainee salesman to National Director of Sales and was instrumental in the development of software and sales of early style computers to commercial real estate brokers, who introduced him to the apartment business. His first apartment building was purchased in Las Gatos in Northern California when he was branch manager in San Jose, shortly thereafter he was moved to Los Angeles as regional manager and went back to Long Beach to live and purchased other buildings there. When the Company wanted to move him to Chicago it was a no go and that quit led to him opening R K Properties.

His first investors were friends in the business machine industry who wanted to get involved in his real estate investments and that quickly grew to more investors and the first limited partnership investment, in 1977. In 1994, RK put together the first TIC structure and of course that took off quickly and since that time the TIC has accounted for the largest percentage of the investor base. In mid-2017, the structure was changed to the DST which has many advantages for the investor base and virtually the entire industry uses the DST today.

As we approach 50 years in business we stand alone in our industry as to track record and longevity. Our activities continue in our core markets which include California, Utah, Colorado, Arizona, Nevada, Florida, Georgia, North Carolina, South Carolina and now Louisiana. We continue to primarily purchase new buildings from merchant builders that are just reaching stabilization. Generally speaking, we find that the amenity packages of new product far exceeds what can be accomplished with ‘value add’.

During the last couple of years we had sales and acquisitions approaching $1 Billion in volume. During 2022 we had our last TIC structured property go full cycle. Additionally, the first DST structured property which was purchased in 2017 went full cycle in January 2023. It is important to note that we manage all of our properties never using 3rd party management. We are the best in the business at what we do, and wouldn’t that be expected after this long in business.

Investor Relations

RK Properties has been exclusively in multifamily property investments since 1976. We are a national company with current and previously owned properties acquired throughout the United States. Our dedicated Investor Relations teams have served over 7,000 investors in the last 48 years since our inception. The skills and experience of RK professionals have combined to produce a consistent, successful record of performance in apartment investing. We utilize a conservative underwriting model and lower leverage financing strategies that have allowed us to prosper throughout many business cycles.

Kaarin Kearney

DIRECTOR INVESTOR AND BROKER-DEALER RELATIONS

Lisa Pusateri

INVESTOR RELATIONS / OPERATIONS

Broker-Dealer Services

John Freeborn

DIRECTOR OF BROKER-DEALER SALES

Sales & Acquisitions

RK’s acquisition and disposition personnel are in frequent contact with buyers and sellers of property. We maintain a strong cooperative relationship with the general brokerage community. The acquisition team’s approach to property selection involves evaluating the economic viability and growth potential of the geographic area and specific property in conjunction with evaluating the physical condition of the property and the feasibility of improvements and finally analyzing management strategies for substantially improving the property performance. By careful research, RK’s acquisition team has discovered “diamonds in the rough” located in stable markets that, through physical upgrading and strong management, have increased in growth and appreciation.

Kris Yankasammy

ACQUISITIONS AND DISPOSITIONS / FINANCE MANAGER

Mike Kochi

ACQUISITIONS & DISPOSITIONS ASSISTANT

Property Management

RK Properties training philosophy is to give our staff the tools to succeed. We offer the ability for one on one and/or group training sessions, keeping our staff in the know and allowing a confident guide to manage, assist and lease with utmost proficiency. Our team enhances their skillsets with today’s leading programs, trainers, manuals and videos allowing for growth within our company.

Jessie King

DIRECTOR OF PROPERTY MANAGEMENT

Melissa Meyer

Assistant Director Property Management

Kelly White

DIRECTOR OF MARKETING

Traci Parsons

REGIONAL SUPERVISOR - NEVADA

Angelica Artis

SENIOR REGIONAL SUPERVISOR

Ashley Fink

Regional Supervisor (South Carolina and Louisiana)

Claudia Torres

REGIONAL SUPERVISOR - CALIFORNIA

Accounting

RK Properties financial monitoring and reporting functions are conducted by the accounting department. The highly qualified staff has extensive accounting, financial management and computer experience in real estate rehabilitation, development, syndication, and property management.

Thang Pham

CONTROLLER

Maria Monroy

ASSISTANT CONTROLLER

Kaila Do

ACCOUNTS PAYABLE

Cynthia Lopez

Staff Accountant

Dalila Oleta

Accounts Receivable Accountant

Tax & Financial Reporting

Woon-Soo Kim

DIRECTOR OF TAX AND FINANCIAL REPORTING

Corporate

The difference between an excellent real estate investment and an average one is more than location, acquisition terms, or financing – it is the management team behind the investment. The skill and experience of management determine the quality of all phases of operations.

About Us

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